One area on the Gulf Coast of Florida is having a building resurgence because of the market for short term rentals. Anna Maria Island has issued more building permits than in 2005. The reason is that so many people are coming to the Gulf Coast for short term rentals, where they can have enough room for several people in the same property. This approach is less expensive than staying at a hotel.
For real estate investors or second home owners, the opportunity on Anna Maria Island for a return on their investment is fantastic. For instance, a home costing $450,000 can provide $80,000 of rental income a year and a home costing $650,000 can provide $120,000 of annual rental income. Please contact us to discuss how we can help you with an investment property or second home.